Dubai has ranked fifth among the many 20 most outstanding worldwide business maritime facilities for the fourth yr in a row because the emirate seems to additional its standing as a world maritime hub.
Dubai, the one Arab metropolis on the listing, ranks forward of a number of world facilities resembling Rotterdam (Netherlands), Hamburg (Germany), Athens/Piraeus (Greece), Ningbo/Zhoushan (China) and New York/New Jersey (USA), stated the Xinhua-Baltic Worldwide Transport Heart Improvement Index report.
Singapore, London, Shanghai and Hong Kong made the highest 4 on the listing.
The rating relies on port inputs (20 p.c), enterprise providers (50 p.c) and common environmental inputs (30 p.c).
The worldwide recognition strengthens Dubai’s management in maritime transport, stated Sultan bin Sulayem, Chairman of Ports, Customs and Free Zone Company.
Worldwide maritime freight site visitors accounts for greater than 80 p.c of the whole quantity of world commerce, demonstrating the essential significance of this sector and its function in driving financial development, he added.
Dubai’s “strategic location and business-oriented imaginative and prescient” have accelerated the emirate’s rise to worldwide maritime hub standing, the report stated.
Final yr, UAE ports recorded greater than 25,000 ship visits and dealt with greater than 19 million 20-foot equal items, or TEUs.
“We’re seeing sturdy development, pushed by constructive laws and incentives [the] maritime sector in Dubai, particular initiatives to draw and retain worldwide firms, versatile laws, one hundred pc possession and no tax on private earnings,” the report stated.
In Might, the Dubai Maritime Authority launched a directive to advertise greatest commerce practices and truthful competitors within the maritime sector and enhance transparency of native transport container charges.
This month, Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, authorised plans to overtake the town’s maritime transport, increasing providers and including new ships to hold tens of millions of latest passengers by 2030.
Sheikh Hamdan authorised an initiative to broaden the maritime community by 188 p.c to serve greater than 22 million passengers yearly by 2030.
This implies a rise of greater than 50 p.c within the variety of passengers in comparison with the present 14 million.
“The Dubai Maritime Metropolis Authority is dedicated to enhancing collaboration with varied stakeholders to additional strengthen the expansion and growth of the maritime sector within the emirate,” stated Dr. Saeed bin Ahmed, Government Director of Dubai Maritime Authority.
“We’re engaged on a spread of plans and initiatives to advertise the sustainable growth of the sector.”
Up to date: September 22, 2023, 5:17 PM